Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.15 | 0.43% |
| Return on Equity (%) | ▲ | 8.15% | +1.46 | 6.69% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.50 | 3.79% |
| Efficiency Ratio (%) | ▲ | 83.36% | -1.17 | 84.53% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.08 | $0 |
| Cost of Funds (%) | ▲ | 1.02% | -0.33 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $226 | +10.33 | $215 |
| Gross Loans ($M) | ▼ | $152 | -1.92 | $154 |
| Loan Growth YoY (%) | ▼ | 72.52% | -4.06 | 76.58% |
| Total Deposits ($M) | ▲ | $207 | +8.49 | $198 |
| Shareholders Equity ($M) | ▲ | $16 | +1.95 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +1.95 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +1.68 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 72.52% | -4.06 | 76.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.99% | 0.01% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.65% | +0.96 | 11.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.97% | 3.02% | 3.18% | 3.79% | 3.84% | 3.91% | 4.01% | 4.29% |
| ▁▁▁▅▆▆█▇ | Return on Assets (%) | 0.03% | 0.09% | 0.10% | 0.43% | 0.44% | 0.49% | 0.67% | 0.58% |
| █▇▇▁▁▁▁▁ | Efficiency Ratio (%) | 97.1% | 95.1% | 94.4% | 84.5% | 84.8% | 83.6% | 83.9% | 83.4% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 1.77% | 1.82% | 1.55% | 1.35% | 1.33% | 1.26% | 1.18% | 1.02% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.18% | 0.17% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.26% | 0.26% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% |
| ▁▃▁▃▃▅██ | Tang. Book Value ($M) | $13 | $14 | $13 | $14 | $14 | $15 | $16 | $16 |
| ▁▁▃▇██▆▅ | Gross Loans ($M) | $145 | $146 | $149 | $154 | $156 | $155 | $153 | $152 |
| ▁█▁▅▆█▄█ | Total Deposits ($M) | $188 | $205 | $189 | $198 | $201 | $205 | $197 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 2% |